Bitso, a Latin American cryptocurrency exchange, is launching MXNB, its regulated peso-backed stablecoin, directly on the XRP Ledger through an expanded partnership with Ripple. The stablecoin will integrate with Ripple's Payments on DEX infrastructure and pair with Ripple's RLUSD stablecoin to create a direct settlement path between dollars and pesos for institutional flows in the U.S.–Mexico corridor. The development represents a structural shift from crypto-assisted transfers to a blockchain-native settlement layer built around issued stablecoins and controlled liquidity, with the U.S.–Mexico payments corridor processing hundreds of billions of dollars annually across remittances and enterprise flows.
Bitso Integrates MXNB Stablecoin with XRP Ledger and Ripple Infrastructure
MXNB will be issued directly on the XRP Ledger instead of remaining within a closed exchange ecosystem. The stablecoin integrates with Ripple's Payments on DEX infrastructure and pairs with Ripple's RLUSD stablecoin. The system is designed to create a more direct settlement path between dollars and pesos for institutional flows.
Ripple and Bitso already support major Latin American payment corridors, including Mexico and Colombia. The current development moves from crypto-assisted transfers to a regulated, blockchain-native settlement layer built around issued stablecoins and controlled liquidity. Bitso already plays a significant role in the U.S.–Mexico payments ecosystem, and bringing MXNB onto XRPL anchors a portion of that volume into a blockchain-based settlement rail.
In practice, MXNB and RLUSD form a programmable FX layer. Dollars can move in as RLUSD, be converted into MXNB, and settled on the XRP Ledger with fewer intermediaries and faster finality than traditional correspondent banking routes.
XRPL Permissioned DEX Operates Within KYC and AML Compliance Frameworks
The XRPL Permissioned DEX limits participation to verified institutions. This allows liquidity to operate within KYC and AML frameworks while still benefiting from on-chain speed and automation. For banks and fintechs, it reduces friction without stepping outside compliance boundaries.
MXNB is positioned as part of a growing class of real-world settlement stablecoins. The integration reinforces a broader push toward regulated liquidity infrastructure.
Bitso Processes Billions in Annual Payment Volume Across Latin America
Bitso's scale gives the integration weight, with billions in annual payment volume and a strong institutional footprint across Latin America. The U.S.–Mexico payments corridor, one of the largest globally, processes hundreds of billions of dollars annually across remittances and enterprise flows.
The development signals that cross-border payments are increasingly being rebuilt as tokenized liquidity flows, with XRPL moving closer to the center of this shift.
FAQ
What is MXNB and where will it be issued?
MXNB is Bitso's regulated peso-backed stablecoin that will be issued directly on the XRP Ledger and integrated into Ripple's Payments on DEX infrastructure.
How does the XRPL Permissioned DEX maintain compliance?
The XRPL Permissioned DEX limits participation to verified institutions, allowing liquidity to operate within KYC and AML frameworks while benefiting from on-chain speed and automation.
What payment volume does the U.S.–Mexico corridor process?
The U.S.–Mexico payments corridor, one of the largest globally, processes hundreds of billions of dollars annually across remittances and enterprise flows, with Bitso processing billions in annual payment volume across Latin America.
